All termsStablecoins and Tokenized MoneyWorth knowing
Redemption at Par
Redemption at par means being able to exchange an asset for its stated reference value. For a stablecoin designed to represent one U.S. dollar, redemption at par would generally mean redeeming one eligible token for one dollar, subject to the issuer's terms, fees and eligibility requirements.
Why it matters to you
Reliable redemption at par can help support a stablecoin's peg because it creates a connection between the token's market price and its underlying reference value. But not every token holder necessarily has direct redemption access, so investors should understand who can redeem and under what conditions.
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